In the foreign exchange market, where average daily turnover is in trillions of dollars and trades span time zones, legal systems, and domestic payments systems, participants take on various risks. The most serious risk is credit risk - the risk that one party will fail to pay. Central banks,...

This paper illustrates the potential problems associated with the use of average occupational incomes when the unit of observation is the individual. It does this through an examination of the effects of drinking and smoking on income. The adequacy of the use of the mean income of the occupation...

Gender pay issues in the US labour market are examined using 1990 and 2000 US Census data for three groups: the native born, immigrants from English-speaking countries and immigrants from non-English-speaking countries. Quantile regression estimates reveal different patterns of wage effects...

This study examines the links between inequality in the time allocations of partners in couple families and the satisfaction they have with the way they spend their time. It uses time diary and self-reported satisfaction data from the 2006 Australian Time Use Survey. It shows that inequality in...